Bioelectronics Corp (BIEL)

[misanthrope]

BIEL stopped being an SEC registered company years ago. It would be nice if BIEL had continued to file quarterly financial reports. They don't have to, and they no longer do so, which earns them a Pink Limited Information sign on the OTC markets. That's it - there is no punishment or legal recourse or anything else. If BIEL decides not to file the next annual report it will earn a STOP sign, which will further dissuade newcomers from investing. We have to wait to see what happens when the annual report is due next year.

There are many OTC pink sheet companies that continue to operate and trade as Pink Limited, and even with STOP signs, though the latter gets very dicey for investors. I cannot think of a single positive reason for stopping quarterly filings. It could be a cost saving issue, but that isn't a positive development. Investors are now in the dark essentially regarding BIEL's performance. The utter silence since the Synergy deal was announced isn't helpful either. The stock is just churning now, waiting for some solid news, positive or negative.